We refer to the announcements dated 25 May 2017, 26 May 2017, 9 June 2017, 17 July 2017, 30 October 2017 and 21 November 2017 in relation to the Private Placement. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein.

On behalf of the Board, RHB Investment Bank wishes to announce that Bursa Securities had vide its letter dated 4 December 2017, resolved to grant an extension of time of 6 months until 8 June 2018 for Masteel to complete the Private Placement.